Polish lawmakers have again failed to overturn President Karol Nawrocki’s veto of legislation aimed at tightening oversight of the country’s crypto market.
The Sejm voted 241-198 on Friday to override the veto, with three abstentions, falling 25 votes short of the required three-fifths majority of 266.
The bill would have established Poland’s framework for implementing the EU’s MiCA rules and placed crypto supervision under the Polish Financial Supervision Authority (KNF). Poland therefore remains without a designated national crypto supervisor despite MiCA already applying across the EU.
Nawrocki, who has vetoed crypto legislation three times, says he supports regulation but argues the proposed rules are too restrictive and costly, including broad powers to block websites.
The dispute has intensified amid an expanding investigation into collapsed exchange Zondacrypto. Prosecutors are examining suspected fraud and money laundering, with estimated losses of at least 350 million zlotys ($95 million). Zondacrypto operator BB Trade Estonia was declared bankrupt by an Estonian court in August.
The Sejm voted 241-198 on Friday to override the veto, with three abstentions, falling 25 votes short of the required three-fifths majority of 266.
The bill would have established Poland’s framework for implementing the EU’s MiCA rules and placed crypto supervision under the Polish Financial Supervision Authority (KNF). Poland therefore remains without a designated national crypto supervisor despite MiCA already applying across the EU.
Nawrocki, who has vetoed crypto legislation three times, says he supports regulation but argues the proposed rules are too restrictive and costly, including broad powers to block websites.
The dispute has intensified amid an expanding investigation into collapsed exchange Zondacrypto. Prosecutors are examining suspected fraud and money laundering, with estimated losses of at least 350 million zlotys ($95 million). Zondacrypto operator BB Trade Estonia was declared bankrupt by an Estonian court in August.